Last day of the month. Just trade in the technical. Trump and China news will affect markets today. Economy will be on focus from next week. Nations have started opening from May month. Next week will tell us whether over optimism has been factored in by current stock rise and crude oil. Silver and copper are bullish. Nickel will break free from the recent consolidation phase and form a new rang...Read More
By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More
President Trump will hold a surprise news conference on China tomorrowThe Dow seemed ready to log its third consecutive day in the black on Thursday, but pivoted lower in the final hour of trading to finish almost 150 points in the red. Fueling the dramatic dive is news of a surprise announcement that U.S. President Donald Trump is holding a press conference regarding China tomorrow. The blue-ch...Read More
Weekly calls have almost doubled puts in the last 10 daysThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Standing out this week is financial institution JPMorgan Chase & Co (NYSE:JPM). Below, we'll t...Read More
AU options are affordably priced at the moment, tooAs U.S. equities continue to bounce back-- the Dow is heading toward a second-straight monthly win -- gold prices and the appeal for the safe-haven asset have dulled. Mining stock AngloGold Ashanti Limited (NYSE:AU) is nursing a 4.5% May deficit, but there's a silver lining; AU has pulled back to a trendline that has historically bullish implicati...Read More
The stock market is modestly in the black midday, with the Dow up around 80 pointsMajor indexes are modestly higher this afternoon, mostly shaking off this morning's dismal weekly jobless claims, which is giving investors reason to believe the economy has already hit its bottom. The Dow Jones Industrial Average (DJI) is up around 110 points as a number of stocks rally ahead of further reopenings,...Read More
American Airlines said it will reduce management and support staff by 30%The shares of American Airlines Group Inc. (NASDAQ: AAL) are down 4.5% at $11.98 this morning, after the airline announced to employees on Wednesday it will downsize management and support staff by 30%, and then will cut front-line workers due to the coronavirus outbreak. This news is in line with the carrier's plan to opera...Read More
June begins with another round of retail earningsJune kicks off with an eventful week, stuffed to the brim with economic reports and earnings. The beginning of the week starts off slow, with Tuesday featuring motor vehicle sales, though the earnings docket is busy. And much like the previous weeks, investors will eagerly await Thursday's weekly jobless claims. Additionally, the beginning of June f...Read More
WDAY reported a first-quarter revenue beat, while its earnings missed estimatesThe shares of Workday Inc (NASDAQ:WDAY) are up 5.2% at $179.19 at last check, after reporting a first-quarter revenue beat and earnings that came in slightly lower than expected. The earnings beat inspired no fewer than 11 analysts to raise their price targets, including Mizuho to $220, with one price-target cut coming...Read More
HP posted an earnings beat, but revenue that fell short of estimatesHP Inc (NYSE:HPQ) is off 7.8% at $15.79 after last night's fiscal second-quarter earnings report. The tech company posted earnings that beat analysts' estimates, but revenue that missed the mark. HP's current-quarter forecast also came in below expectations, while it withdrew its 2020 outlook amid coronavirus-related uncertainties...Read More
Dollar General's first quarter earnings and revenue topped Wall Street's estimatesDiscount retailer Dollar General Corp (NYSE:DG) stepped into the earnings confessional this morning, reporting fiscal first-quarter profits of $2.56 -- nearly a dollar more than what Wall Street expected -- on revenue of $8.45 billion, which also topped expectations. In addition DG's comparable-store sales climbed b...Read More
Chinese legislation regarding Hong Kong is also weighing on investors Dow Jones Industrial Average (DJI) futures are up once again -- over 200 points at last check -- despite a fresh batch of lackluster economic data. Weekly jobless claims once again topped analysts estimates for now the 11th straight week, with the 2.1 unemployment claims narrowly topping the 2.05 million expectations. Additi...Read More
Apple just landed Martin Scorcese's latest film, beating out several competitors including NetflixApple Inc. (NASDQ:AAPL) just announced that director Martin Scorsese's next film, "Killers of the Flower Moon" -- starring Leonardo DiCaprio and Robert De Niro -- will launch on its Apple TV streaming service, according to a report from the Wall Street Journal. This is a win for Apple over several of...Read More
Keith WeinerPosted May 27, 2020Suppose you wanted to run an enterprise the right way (we know, we know, this is pretty far-out fiction, but bear with us). And, your enterprise has a $1 million dollar piece of equipment that wears out after 10 years. You must set aside $100,000 a year, so that you have $1 million at the end of 10 years when the equipment needs replacing. There’s a word, now a...Read More
Cold War 2.0 with China has got off the ground and is gaining momentum. Some say Beijing must pay for the pandemic, while others claim it's an existential security threat to the Washington-centric world. Still, others say Washington simply can't concede that we now live in a multipolar world. Jim Rogers & Tom Watkins give their opinions.Jim Rogers co-founded the Quantum Fund with George Soros in 1...Read More
J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that o...Read More
The case for owning precious metals is easy to make, especially silver. According to financial writer John Rubino, it now takes 100 ounces of silver to equal the value of 1 ounce of gold. That's a near record of 100 to 1 silver/gold ratio. Rubino contends, "The silver/gold ratio says silver is clearly a buy based on historical trends and the relationship between gold and silver. . . . You would ex...Read More
The global currency crisis of 2020 and beyond is here. In this interview Cambridge House CEO Jay Martin talks in-depth with Santiago Capital Manager Brent Johnson about the coming global currency crisis.Brent Johnson is popular for his Dollar Milk Shake Theory - A theory that argues that what counts in a global financially connected world is where the capital flows and not so much which central ba...Read More
For years it seemed as if there was an imbalance in the silver market. And while it was hard to know when the market would be repriced, in some ways it seemed inevitable.Now the signs continue to emerge that the market is under more pressure than ever, with a possible breakpoint within sight. Well-known London silver trader and whistleblower Andrew Maguire was kind enough to join me on this show a...Read More
Bill Gates will get his wish. He will be able to reduce the population by 10%-15% by the age-old method of creating war.Continue...Read More